# USD JPY sustains breakout climb ahead of Bank of Japan

> USD/JPY broke out above 108.00 after the ECB held rates and Draghi sounded dovish on growth and inflation. The euro weakened and supported the dollar, while the yen fell broadly over the past month.

- Date: 2018-04-26 · published 2018-04-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/65740-usd-jpy-sustains-breakout-climb-ahead-of-bank-of-japan
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Dovish ECB signals strengthen the dollar against the euro and yen, which can lower dollar-denominated commodity prices and affect import demand from Europe and Japan.

## Read by commodity

- EURUSD: bearish ▼
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-05-29 | [Big moves ahead: ECB’s interest rate cut and the future of EUR/USD](https://feedsoft.ai/events/30469-big-moves-ahead-ecb-s-interest-rate-cut-and-the-future-of-eur-usd.md) | -0.0% | -1.8% |
| EURUSD | 2022-04-28 | [Dollar hits 20-yr high as yen tumbles on dovish Bank of Japan](https://feedsoft.ai/events/8288-dollar-hits-20-yr-high-as-yen-tumbles-on-dovish-bank-of-japan.md) | -0.1% | +1.0% |
| EURUSD | 2022-03-03 | [Euro extends recent fall, U.S. dollar gains ahead of jobs data](https://feedsoft.ai/events/8257-euro-extends-recent-fall-u-s-dollar-gains-ahead-of-jobs-data.md) | -0.3% | +0.5% |
| EURUSD | 2018-11-05 | [EURUSD retreats on ECB Italy and soft data ahead of US midterm elections](https://feedsoft.ai/events/62241-eurusd-retreats-on-ecb-italy-and-soft-data-ahead-of-us-midterm-elections.md) | -0.5% | -0.3% |
| EURUSD | 2024-01-29 | [US dollar forecast: USD at the mercy of the Fed, BoE and NFP ahead \| IG SG](https://feedsoft.ai/events/32289-us-dollar-forecast-usd-at-the-mercy-of-the-fed-boe-and-nfp-ahead-ig-sg.md) | -0.7% | -0.1% |

## Sources

- forex.com: https://www.forex.com/en-us/news-and-analysis/usd-jpy-sustains-breakout-climb-ahead-of-bank-of-japan/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.